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Soybeans up, corn, wheat down after USDA numbers

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Soybeans were higher on fund and technical buying. U.S. ending stocks were unchanged at a tight 210 million bushels, while the USDA raised Brazil’s crop guess and lowered Argentina by larger than expected margins. Exports for both nations were steady, but Argentina’s imports were up. CONAB’s next official outlook for Brazil’s crop is out Thursday, along with the USDA’s weekly export sales report. Domestically, the futures spread continues to reflect tight near-term supplies and solid demand.

Soybeans up, corn, wheat down after USDA numbers